Hemmati named as new governor of Bank Melli Iran
Abdonnaser Hemmati has been elected by the board of directors of Bank Melli Iran as the bank’s new governor, replacing Farshad Heidari. Heidari had been appointed as the governor of the bank after Mahmoud Reza Khavari, its former governor, fled to Canada after a $2.6 billion financial fraud case was uncovered in 2011. Economy minister Ali Tayyebnia is scheduled to officially install Hemmati at the post by Friday. Hemmati has served as the managing director of Sina Bank and the chairman of Iran’s Central Insurance Company.
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